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Vashishtha Luxury Fashion IPO
₹1,30,800/1200 shares
Minimum Investment
IPO Details
05 Sep 25
10 Sep 25
₹1,30,800
1200
₹109 to ₹111
BSE
₹8.87 Cr
15 Sep 25
Vashishtha Luxury Fashion IPO Timeline
Bidding Start
05 Sep 25
Bidding Ends
10 Sep 25
Allotment Finalisation
11 Sep 25
Refund Initiation
12 Sep 25
Demat Transfer
12 Sep 25
Listing
15 Sep 25
Vashishtha Luxury Fashion Limited
Vashishtha Luxury Fashion Limited, incorporated in 2010, specialises in exporting high-fashion hand embroidery, accessories, and finished garments. Recognised as a 100% Export House, it caters to leading fashion brands across Europe, the UK, USA, Australia, and Turkey with customised apparel for both couture and prêt-à-porter. Operating a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited, the company offers a diverse portfolio that includes artistic garments, premium accessories, and intricate embroidery, blending craftsmanship with technology to deliver innovative, expressive, and globally appealing fashion solutions.
Vashishtha Luxury Fashion Limited IPO Overview
Vashishtha Luxury Fashion Limited, incorporated in 2010, specialises in exporting high-fashion hand embroidery, accessories, and finished garments. Recognised as a 100% Export House, it caters to leading fashion brands across Europe, the UK, USA, Australia, and Turkey with customised apparel for both couture and prêt-à-porter. Operating a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited, the company offers a diverse portfolio that includes artistic garments, premium accessories, and intricate embroidery, blending craftsmanship with technology to deliver innovative, expressive, and globally appealing fashion solutions.
Vashishtha Luxury Fashion Limited IPO Details
| Particulars | Details |
| IPO Date | 4 September 2025 to 9 September 2025 |
| Listing Date | 12 September 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹77 to ₹81 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 30,99,200 shares (aggregating up to ₹25.10 Cr) |
| Fresh Issue | 23,44,000 shares (aggregating up to ₹18.99 Cr) |
| Offer for Sale | 6,00,000 shares (aggregating up to ₹4.86 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 78,52,500 shares |
| Share Holding Post Issue | 1,03,51,700 shares |
| Market Maker Portion | 1,55,200 shares |
Vashishtha Luxury Fashion IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
Vashishtha Luxury Fashion IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 3,200 | ₹2,59,200 |
| Retail (Max) | 2 | 3,200 | ₹2,59,200 |
| S-HNI (Min) | 3 | 4,800 | ₹3,88,800 |
| S-HNI (Max) | 7 | 11,200 | ₹9,07,200 |
| B-HNI (Min) | 8 | 12,800 | ₹10,36,800 |
Vashishtha Luxury Fashion IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 100.00% |
| Post-Issue | 70.05% |
Vashishtha Luxury Fashion IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | ₹6.57 (Pre-Issue) / ₹4.98 (Post-Issue) |
| Price/Earnings (P/E) Ratio | 12.35x (Pre-Issue) / 16.28x (Post-Issue) |
| Return on Net Worth (RoNW) | 59.39% |
| Net Asset Value (NAV) | ₹16.30 |
| Return on Equity | 59.39% |
| Return on Capital Employed (ROCE) | 28.24% |
| EBITDA Margin | 26.51% |
| PAT Margin | 11.30% |
| Debt to Equity Ratio | 1.39 |
Objectives of the Proceeds
- Repayment of certain secured borrowings of the company – ₹11.39 crore
- Funding capital expenditure for new warehouse in Ahmedabad – ₹3.80 crore
- General corporate purposes
Key Financials (in ₹ crore)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 40.51 | 35.89 | 20.09 |
| Revenue | 46.02 | 42.52 | 37.39 |
| Profit After Tax | 5.15 | 2.93 | 0.30 |
| Reserves and Surplus | 4.93 | 4.07 | 1.14 |
| Total Borrowings | 17.72 | 21.57 | 11.29 |
SWOT Analysis of Vashishtha Luxury Fashion IPO
Strength and Opportunities
- A broad and diversified product range catering to multiple sectors
- Strong distribution network with 440 dealers and flexible credit policies
- Certified quality standards (ISO, IS/BIS) ensure customer trust and credibility
- Automated production facility boosting efficiency and reducing operational costs
Risks and Threats
- Heavy dependence on regional markets may limit nationwide presence
- Exposure to raw material price volatility impacting margins
- Competitive intensity from established players in the pipes industry
- Rising debt-equity ratio poses financial risk
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About Vashishtha Luxury Fashion Limited
Competitive Strengths
- Wide product portfolio addressing plumbing, agriculture, sewage, and industrial requirements across markets.
- Recognised brand with strong emphasis on quality and consistent reliability.
- Automated manufacturing facility with strategic location improving efficiency and reducing costs.
- Quality backed by ISO and BIS certifications enhancing customer confidence.
Peer Group Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹) | P/E (x) | RoNW (%) | P/BV Ratio |
| Vashishtha Luxury Fashion Limited | 6.57 | 6.57 | 16.30 | 16.28 | 59.39 | 4.97 |
| Peer Group | ||||||
| Captain Pipes Ltd | 0.59 | 0.59 | 2.97 | 27.27 | 25.18 | 7.00 |
| Dutron Polymers Ltd | 4.54 | 4.54 | 48.58 | 30.25 | 9.80 | 3.04 |
| Rex Pipes & Cables Ltd | 5.42 | 5.42 | 38.64 | 24.49 | 15.09 | – |
How to apply IPO with HDFC SKY?
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1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
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